USDA Loan Structure Changes Create Additional Costs: The district must now secure interim financing for the $10.2 million Arnold Wastewater Treatment Plant improvements due to new USDA Rural Development requirements. Unlike previous processes where USDA paid quarterly during construction, they now only pay after project completion, forcing districts to obtain costly interim financing that adds approximately $700,000 in interest costs over three years.
Water Infrastructure Projects Completed Under Budget: The Copper Cove water tank project was successfully completed for $6.8 million, nearly $100,000 under the original $6.9 million bid. The project upgraded two clear wells at the Copper Cove water treatment plant and replaced aging tanks at the B tank location, providing improved operational flexibility and capacity for water storage.
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